Bouygues Offshore and Kazakhoil's Kazakhoilkurylys subsidiary have signed the agreements and the company's by-laws in Almaty between, which each have a 50% interest in a new company dubbed Kazakhoil - Bouygues Offshore, which will be abbreviated as KOBOS. In March 2000, Bouygues Offshore and Kazakhoil began to hold talks about the creation of a joint company and in June 2000 the CEO of Bouygues Offshore, Mr. Le Bouc and the Chairman of Kazakhoil, Mr. Balguimbaev signed a letter of intention for this partnership. The new company has been created to undertake turnkey oil and gas construction and service projects in Kazakhstan. Within its framework…
